Yield Hunting Newsletter | September 2021 Commentary And Sheets

Summary

• The S&P 500 rose by 3.1% in August and is now up over 22% for the year.  Don't expect the last third of the year to be as good.

• Interest rates ended the month higher by 5 bps but that doesn't tell the whole story of the volatility experienced on the benchmark bond.

• The markets have a lot to contend with the initiation of the taper and eventually hi…